Brewers Association moving to larger quarters in downtown Boulder

The Brewers Association, the locally based trade organization representing U.S. craft breweries, plans to move its headquarters to a larger space in downtown Boulder.

The nonprofit Brewers Association signed an agreement to buy the building at 1327 Spruce St. for $4 million, officials said. The purchase transaction -- which is an option of a lease agreement signed earlier this year -- expected to close in April of next year.

Brewers Association officials said the move was triggered by continued growth within the U.S. craft beer industry.

In 2012, the craft beer industry's sales grew 15 percent by volume and 17 percent by dollars. The industry closed the year with $10.2 billion in sales, up from $8.7 billion in 2011, according to Brewers Association data.

"With this move, the Brewers Association remains committed to being part of the downtown Boulder business community," Bob Pease, the association's chief operating officer, said in a statement. "The (Brewers Association) is proud to be a part of the growing community that is craft brewing.

"This move will allow our staff to better serve our members in the months and years ahead."

The Brewers Association expects to move to the 11,600-square-foot property next year. The organization has been based at 736 Pearl St. for nearly 30 years.

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